Quinn's (Dungannon) Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the director on the preparation of the unaudited statutory accounts of Quinn's (Dungannon) Ltd for the year ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Quinn's (Dungannon) Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Quinn's (Dungannon) Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Quinn's (Dungannon) Ltd and state those matters that we have agreed to state to the director of Quinn's (Dungannon) Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quinn's (Dungannon) Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Quinn's (Dungannon) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Quinn's (Dungannon) Ltd . You consider that Quinn's (Dungannon) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Quinn's (Dungannon) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

15/12/2025

MKP Accountants Ltd

Chartered Certified Accountants

42a-44a New Row

Coleraine

BT52 1AF

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Quinn's (Dungannon) Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: NI628292

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		12,725
Tangible Assets	5		-		186,741

			-		199,466
CURRENT ASSETS
Stocks	6	-		59,995
Debtors	7	-		1,741
Cash at bank and in hand		417,190		260,537

		417,190		322,273
Creditors: Amounts Falling Due Within One Year	8	(47,607 )		(179,588 )

NET CURRENT ASSETS (LIABILITIES)			369,583		142,685

TOTAL ASSETS LESS CURRENT LIABILITIES			369,583		342,151

Creditors: Amounts Falling Due After More Than One Year	9		-		(12,914 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(11,557 )

NET ASSETS			369,583		317,680

CAPITAL AND RESERVES
Called up share capital	11		2		113,539
Profit and Loss Account			369,581		204,141

SHAREHOLDERS' FUNDS			369,583		317,680

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Quinn's (Dungannon) Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gerard Quinn

Director

15/12/2025

The notes on pages 4 to 7 form part of these financial statements.

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Quinn's (Dungannon) Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Quinn's (Dungannon) Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI628292 . The registered office is 42a-44a New Row, Coleraine, Derry, BT52 1AF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	4% Straight Line
Plant & Machinery	12.5% Reducing Balance
Motor Vehicles	20% Reducing Balance
Computer Equipment	25% Straight Line

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Quinn's (Dungannon) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

AAverage number of employees, including directors, during the year was: 16 (2024: 17)

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Quinn's (Dungannon) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	169,500
Disposals	(169,500 )

As at 31 March 2025	-

Amortisation
As at 1 April 2024	156,775
Disposals	(156,775 )

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	12,725

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	62,640	106,820	85,345	2,950	257,755
Disposals	(62,640 )	(106,820 )	(85,345 )	(2,950 )	(257,755 )

As at 31 March 2025	-	-	-	-	-

Depreciation
As at 1 April 2024	21,047	42,596	5,690	1,681	71,014
Disposals	(21,047 )	(42,596 )	(5,690 )	(1,681 )	(71,014 )

As at 31 March 2025	-	-	-	-	-

Net Book Value
As at 31 March 2025	-	-	-	-	-

As at 1 April 2024	41,593	64,224	79,655	1,269	186,741

6. Stocks

	2025	2024
	£	£
Finished goods	-	59,995

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Quinn's (Dungannon) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	-	1,741

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	7,748
Trade creditors	2,483	52,104
Corporation tax	38,840	895
Other taxes and social security	2,564	4,061
VAT	873	7,969
Accruals and deferred income	2,000	1,250
Director's loan account	847	105,561

	47,607	179,588

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	12,914

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	7,748
Later than one year and not later than five years	-	12,914

	-	20,662

	-	20,662

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	113,539

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